oil embargo

oil embargo

Petrospective with James Woosley & George Shultz

1w ago
SOURCE  

Description

Petrospective with James Woosley & George Shultz Climate One - Forty years after the OPEC oil embargo, we will look at petro-politics in the age of climate disruption. After the oil crisis began Oct. 17, 1973, President Nixon declared at his 1974 State of the Union address: "At the end of this decade, in the year 1980, the United States will not be dependent on any other country for the energy we need to provide our jobs, to heat our homes and to keep our transportation moving." Every president since Nixon has made a similar pledge to wean the country off foreign energy. Today, oil production in the U.S. is booming, thanks in part to the fracking revolution, making the country less dependent on foreign oil and potentially undermining OPEC. The U.S. is also reducing overall fuel consumption, but we won't be free from foreign dependence until renewable energy technologies can pave the way to producing as much as we use. What lessons can be drawn today from the oil shock that left Americans stuck in gas station lines for hours? A conversation about powering global growth, pricing carbon pollution, and other energy and national security concerns. Speakers: George Shultz, Former U.S. Secretary of State Jim Woolsey, Former CIA Director This program was recorded before a live audience on October 18, 2013. http://climate-one.org http://commonwealthclub.org